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INTTRA raises US$9.5 million to enhance e-shipping platform

INTTRA, the world's largest ocean shipping electronic marketplace, has secured US$9.5 million in financing.

INTTRA raises US$9.5 million to enhance e-shipping platform

INTTRA, the world's largest ocean shipping electronic marketplace, has secured US$9.5 million in financing.

INTTRA raises US$9.5 million to enhance e-shipping platform
05 July 2015 - 23:43

INTTRA raises US$9.5 million to enhance e-shipping platform

INTTRA, the world's largest ocean shipping electronic marketplace, has secured US$9.5 million in financing.

This was obtained from private equity firm ABS Capital Partners and INTTRA shareholders to enhance the e-platform for carriers, 3PLs and shippers and to develop services.

Said INTTRA chief executive John Fay: "The investment will enable us to strengthen the features of our current platform and accelerate our plans for INTTRA Data Services."

Some 220,000 shipping professionals use the platform to book 600,000 container orders per week, representing 22 per cent of world volume.

Said ABS Capital general partner Bobby Goswami: "While other technology companies are just now entering this market, INTTRA is working on what's next."

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